Chubb appoints new financial lines leader for international business

Property/casualty insurer Chubb has appointed Tim Stapleton as executive vice president, financial lines, overseas general insurance.

In his new role, Stapleton will have executive oversight of Chubb's management and professional liability lines of business, which span public, private, not-for-profit and financial institution directors and officers coverages, as well as its errors and omissions and cyber products. His responsibilities will include oversight of the division's strategy, product and business development, underwriting operations, and profit and loss performance.

Stapleton is currently senior vice president, cyber insurance and information technology, overseas general insurance. Stapleton has more than 15 years of underwriting and management experience in financial lines. He joined the company in 2015 from Zurich Insurance Group, where he served as global underwriting manager for professional and management liability. He began his career at AIG as an underwriter for professional liability.

In his new role, Stapleton succeeds Steven Goldman, and will report to Timothy O'Donnell, vice president, Chubb Group and division president, commercial property and casualty, overseas general insurance.

"Tim is a highly experienced financial lines executive with excellent technical underwriting and leadership skills," said O'Donnell. "I'm looking forward to working with him as we grow Chubb's international financial lines presence and capability."

Juan Luis Ortega, executive vice president, Chubb Group and president, overseas general insurance, said: "Chubb has earned a reputation as a leader in financial lines underwriting globally with a deep pool of talented executives across the world. That is evident today as Tim assumes this leadership role. I am confident his deep understanding of our clients' needs will help ensure the future profitable growth of this practice."